Janney Montgomery Scott LLC lifted its position in shares of Prologis, Inc. (NYSE:PLD – Free Report) by 3.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 459,154 shares of the real estate investment trust’s stock after acquiring an additional 16,222 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Prologis were worth $48,533,000 at the end of the most recent quarter.
Other large investors have also recently added to or reduced their stakes in the company. Dunhill Financial LLC increased its position in Prologis by 239.5% during the 3rd quarter. Dunhill Financial LLC now owns 258 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 182 shares during the period. Sunbelt Securities Inc. raised its position in Prologis by 640.0% in the second quarter. Sunbelt Securities Inc. now owns 259 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 224 shares in the last quarter. Hara Capital LLC acquired a new stake in Prologis in the third quarter valued at $48,000. Coastline Trust Co purchased a new stake in shares of Prologis during the 3rd quarter worth $52,000. Finally, Fortitude Family Office LLC grew its stake in shares of Prologis by 120.6% during the 3rd quarter. Fortitude Family Office LLC now owns 439 shares of the real estate investment trust’s stock worth $55,000 after purchasing an additional 240 shares during the period. 93.50% of the stock is owned by hedge funds and other institutional investors.
Prologis Stock Up 2.8 %
Shares of NYSE PLD opened at $118.38 on Friday. The firm’s 50 day moving average price is $110.31 and its 200 day moving average price is $118.33. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.43 and a current ratio of 0.43. The firm has a market cap of $109.64 billion, a P/E ratio of 29.59, a price-to-earnings-growth ratio of 3.25 and a beta of 1.09. Prologis, Inc. has a 1 year low of $100.82 and a 1 year high of $135.76.
Prologis Dividend Announcement
Wall Street Analyst Weigh In
PLD has been the topic of a number of research analyst reports. Mizuho decreased their price objective on shares of Prologis from $119.00 to $117.00 and set a “neutral” rating on the stock in a report on Wednesday, January 8th. Barclays upped their price target on Prologis from $131.00 to $132.00 and gave the stock an “overweight” rating in a report on Monday, November 18th. JPMorgan Chase & Co. reduced their price objective on Prologis from $138.00 to $131.00 and set an “overweight” rating for the company in a report on Monday, October 21st. Robert W. Baird raised Prologis from a “neutral” rating to an “outperform” rating and lowered their target price for the company from $124.00 to $123.00 in a report on Monday, January 6th. Finally, Raymond James reiterated an “outperform” rating and issued a $125.00 price objective (down from $130.00) on shares of Prologis in a research report on Wednesday, December 11th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $128.67.
Read Our Latest Stock Analysis on Prologis
Prologis Company Profile
Prologis, Inc is the global leader in logistics real estate with a focus on high-barrier, high-growth markets. At March 31, 2024, the company owned or had investments in, on a wholly owned basis or through co-investment ventures, properties and development projects expected to total approximately 1.2 billion square feet (115 million square meters) in 19 countries.
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